Mixed close. The FBM KLCI rose slightly by 3.05 points to 1,411.05. On the news front, headline inflation was 1.9% higher y-o-y in July due to the price increases in food and non-alcoholic beverages and transport categories while Petronas Gas’ 1QFY11 net profit jumped 42.3% y-o-y to RM382.8m on the back of higher gas processing and transportation revenue. Meanwhile, rumours of Bandaraya’s privatisation and clarification that CIMB’s CEO will only be a visiting fellow in Oxford may help support the market. The US economy grew at a 1.6% annual rate in the 2QCY10. Finally, both the US markets and crude oil price closed higher on Friday after the recent selldown. Crude oil price jumped USD1.81 to close at USD75.17/barrel.
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